Oakwood Foundation Inc
- Assets
- $16.8m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 10/1982
- Data as of
- 12/2023
- EIN
- 39-1398037
Organization Overview
Oakwood Foundation Inc is located in Madison, WI. The organization was established in 1982. According to its NTEE Classification (E90) the organization is classified as: Nursing, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakwood Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Oakwood Foundation Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $5.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Oakwood Foundation Inc has awarded 54 individual grants totaling $19,333,156. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF OAKWOOD FOUNDATION IS THE DEVELOPMENT, STEWARDSHIP AND DISTRIBUTION OF RESOURCES TO PROMOTE THE HIGHEST LEVEL OF INDEPENDENCE FOR A DIVERSE COMMUNITY OF OLDER ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING TO 501(C)(3) ORGANIZATIONS IN ORDER TO SERVE THESE PRIORITY NEEDS: BENEVOLENCE FOR OLDER ADULTS WHO CANNOT AFFORD TO PAY THE FULL COST OF CARE; FUNDING FOR CAPITAL ENHANCEMENTS AND PROGRAMS THAT SUPPORT INDEPENDENCE AND ENHANCE QUALITY OF LIFE; AND SPIRITUAL VITALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Kruger Chair | OfficerTrustee | 2 | $0 |
Donna Ulteig Vice Chair | OfficerTrustee | 2 | $0 |
Rod Nordby Treasurer | OfficerTrustee | 2 | $0 |
Lori Werbeckes Secretary | OfficerTrustee | 2 | $0 |
Sue Ullsvik Director | Trustee | 2 | $0 |
Ed Young Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,799,972 |
| Noncash contributions included in lines 1a–1f | $39,955 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,799,972 |
| Total Program Service Revenue | $0 |
| Investment income | $455,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,041,070 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,296,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,685,662 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,739 |
| Compensation of current officers, directors, key employees. | $5,074 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,684 |
| Pension plan accruals and contributions | $10,900 |
| Other employee benefits | $19,266 |
| Payroll taxes | $12,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65,600 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,537 |
| Office expenses | $16,462 |
| Information technology | $10,918 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $610 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,265 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $7,206 |
| Total functional expenses | $4,982,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $581,643 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $174,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,022,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,778,416 |
| Accounts payable and accrued expenses | $18,013 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $763,146 |
| Total liabilities | $781,159 |
| Net assets without donor restrictions | $9,055,592 |
| Net assets with donor restrictions | $6,941,665 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,778,416 |
Grants Awarded
Over the last fiscal year, Oakwood Foundation Inc has awarded $4,645,096 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
OAKWOOD VILLAGE UNIVERSITY WOODS HOMES INC PURPOSE: GENERAL OPERATIONS | $2,132,566 |
OAKWOOD VILLAGE UNIVERSITY WOODS APARTMENTS INC PURPOSE: GENERAL OPERATIONS | $540,393 |
OAKWOOD VILLAGE PRAIRE RIDGE HOMES INC PURPOSE: GENERAL OPERATIONS | $1,716,251 |
AGEBETTER INC PURPOSE: GENERAL OPERATIONS | $22,000 |
OAKWOOD CHAMBER PLAYERS INC PURPOSE: GENERAL OPERATIONS | $12,200 |
CATHOLIC CHARITIES INC DIOCESE OF MADISON PURPOSE: GENERAL OPERATIONS | $30,000 |